Sibanye Stillwater (NYSE:SBSW) Shares Gap Up to $5.20

Sibanye Stillwater Limited (NYSE:SBSW)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $5.20, but opened at $5.43. Sibanye Stillwater shares last traded at $5.42, with a volume of 4,683,579 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on SBSW shares. Jefferies Financial Group lowered Sibanye Stillwater from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. Royal Bank of Canada reduced their price objective on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.00.

Sibanye Stillwater Price Performance

The firm has a fifty day moving average of $4.65 and a two-hundred day moving average of $4.93. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Sibanye Stillwater

Several institutional investors have recently bought and sold shares of SBSW. Lingotto Investment Management LLP lifted its holdings in Sibanye Stillwater by 28.5% in the 4th quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company’s stock worth $119,283,000 after buying an additional 4,865,997 shares during the period. AQR Capital Management LLC lifted its holdings in Sibanye Stillwater by 32.9% in the 3rd quarter. AQR Capital Management LLC now owns 5,031,600 shares of the company’s stock worth $31,045,000 after buying an additional 1,244,715 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Sibanye Stillwater by 21.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,504,344 shares of the company’s stock worth $37,493,000 after buying an additional 781,346 shares during the period. Invesco Ltd. lifted its holdings in Sibanye Stillwater by 14.8% in the 3rd quarter. Invesco Ltd. now owns 4,240,509 shares of the company’s stock worth $26,164,000 after buying an additional 547,117 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Sibanye Stillwater by 71.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,977,726 shares of the company’s stock worth $39,658,000 after buying an additional 1,662,361 shares during the period. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

About Sibanye Stillwater

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.